Kingboard Holdings surges 8% as copper-clad laminate sector rallies
HK Stock Market Update·HSI Reverses to Fall 108 Pts at Half-day; BIDU-SW Surges Over 6%; AI Large Model & Hardware Stocks Rally; KB LAMINATES Jumps 9.5%
AASTOCKS News·- The Hang Seng Index reversed to close 108 points lower at 25,544 points at midday, while the HSTECH index rose 0.19% to 4,634 points. - BIDU-SW surged 6.66% ahead of its primary listing conversion on the Stock Exchange, and chip and AI hardware stocks rallied following NVIDIA's strong quarterly results. - Printed circuit board stocks and multiple blue chips also experienced notable movements driven by corporate earnings and financial reports.Kingboard Holdings climbs 6% in Hong Kong trading
HK Stock Market Update·HSI Ends Down 6 pts as MEITUAN-W Tumbles 6%+; Innovative Drug Stocks and Kingboard Series Up against Mkt
AASTOCKS News·- The HSI closed down 6 pts or 0.02% at 25,511 with a full-day turnover of HKD 254.079 billion, while major tech stocks experienced mixed performances. - MEITUAN-W dropped 6.65% as the worst-performing blue chip, whereas BABA-W rose 1.51% following increased holdings by its executives. - Innovative drug stocks and the Kingboard series rallied strongly against the market trend, bolstered by favorable broker ratings and corporate results.Kingboard surges 10% on 35% revenue growth, orders exceed 2027 capacity
HK Stock Market Update·HSI Turns Lower at Midday by 64 pts; MEITUAN-W Slumps 6%+; XPENG-W Slides ~10% After Results; Kingboard Series Rallies
AASTOCKS News·- The HSI turned lower at midday on August 25, closing down 64 pts at 25,453 with a market turnover of HKD126.755 billion. - Major tech and electric vehicle stocks experienced declines, led by XPENG-W plummeting nearly 10% due to a widened 2Q26 adjusted net loss of RMB1.237 billion and MEITUAN-W sliding 6.53%. - Conversely, Wuxi series and Kingboard series rallied strongly following upbeat analyst target price upgrades and corporate results.Kingboard surges 8% as chairman says orders exceed next year's capacity
HK Stock Market Update·